22:36 (GMT +7) - Friday 16/11/2018

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Doosan Vina begins first Samsung engineering project

Released at: 09:12, 09/11/2018

Doosan Vina begins first Samsung engineering project

Photo: Doosan Vina

Company to provide refinery equipment to project in United Arab Emirates.

by Doanh Doanh

Doosan Vina has been selected by the Samsung Engineering Co., Ltd (SECL) for a major project in the Middle East.

Prior to signing the contract, Doosan Vina’s quality, capacity and safety were vetted very thoroughly by SECL over a period of a year and a half, examining the company to see if it could meet their expectations and all international standards and practices.

The two parties signed a memorandum of understanding (MoU) on May 5, which was followed by a framework agreement in June. This latest contract details the production of equipment by Doosan Vina at its $300 million high-tech industrial complex in the central province of Quang Ngai.

Doosan Vina received the first $13 million order under this contract on October 12, for the design, fabrication, assembly, testing, and inspection of refinery equipment for the Crude Flexibility Project (CFP) in Ruwais in the United Arab Emirates for the Abu Dhabi National Oil Company. Delivery is scheduled for early 2020.

SECL was founded as the first engineering firm in South Korea in 1970 and has its headquarters in Seoul, South Korea. It provides engineering, procurement and construction (EPC) for a full range of engineering services, including feasibility studies, design, procurement, construction, and commissioning. The company has done substantial business in over 38 countries worldwide, with a well-established presence in Saudi Arabia, United Arab Emirates, Algeria, India, Thailand, Trinidad & Tobago, and Mexico.

Doosan Vina is a high-tech industrial complex at the Dung Quat Economic Zone in Quang Ngai province, employing 2,000 Vietnamese. The company supplies the mega infrastructure products that make modern life a reality, including boilers for thermal power plants, desalination plants the size of a football pitch that turn sea water into fresh, material handling systems like cranes that are the heart of logistics at ports around the world, and structural steel for buildings and infrastructure developments. To date the company has exported products valued at $2.4 billion.

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